Company No: 13750192 (England and Wales)

Contents

• Company Information
• Balance Sheet
• Notes to the Financial Statements

DIRECTOR

V Mehta

REGISTERED OFFICE	23 Heathfield Gardens
	Chiswick
	London
	W4 4JU
	United Kingdom

COMPANY NUMBER

13750192 (England and Wales)

ACCOUNTANT	S&W Partners (South East) Limited
	Brockbourne House
	77 Mount Ephraim
	Royal Tunbridge Wells
	TN4 8BS

	Note	2025		2024
		£		£
Fixed assets
Investment property	3	1,372,153		1,372,153
		1,372,153		1,372,153
Current assets
Debtors	4	4,847		5,961
Cash at bank and in hand		5,481		10,906
		10,328		16,867
Creditors: amounts falling due within one year	5	( 467,263)		( 418,709)
Net current liabilities		(456,935)		(401,842)
Total assets less current liabilities		915,218		970,311
Creditors: amounts falling due after more than one year	6	( 993,333)		( 993,333)
Net liabilities		( 78,115)		( 23,022)
Capital and reserves
Called-up share capital		100		100
Profit and loss account		( 78,215 )		( 23,122 )
Total shareholder's deficit		( 78,115)		( 23,022)

For the financial year ending 31 March 2025 the Company was entitled to exemption from audit under section 477 of the Companies Act 2006 relating to small companies.

Director's responsibilities:

• The member has not required the Company to obtain an audit of its financial statements for the financial year in accordance with section 476;
• The director acknowledges their responsibilities for complying with the requirements of the Companies Act 2006 with respect to accounting records and the preparation of financial statements; and
• These financial statements have been prepared and delivered in accordance with the provisions applicable to companies subject to the small companies regime and a copy of the Profit and Loss Account has not been delivered.

The financial statements of Viki Capital Properties Limited (registered number: 13750192) were approved and authorised for issue by the Director on 30 December 2025. They were signed on its behalf by:

V Mehta Director

1. Accounting policies

The principal accounting policies are summarised below. They have all been applied consistently throughout the financial year and to the preceding financial year, unless otherwise stated.

General information and basis of accounting

Viki Capital Properties Limited (the Company) is a private company, limited by shares, incorporated in the United Kingdom under the Companies Act 2006 and is registered in England and Wales. The address of the Company's registered office is 23 Heathfield Gardens, Chiswick, London, W4 4JU, United Kingdom.

The financial statements have been prepared under the historical cost convention, modified to include certain items at fair value, and in accordance with ‘The Financial Reporting Standard applicable in the UK and the Republic of Ireland’ issued by the Financial Reporting Council, including Section 1A of Financial Reporting Standard 102 (FRS102), and the requirements of the Companies Act 2006 as applicable to companies subject to the small companies regime.

The functional currency of Viki Capital Properties Limited is considered to be pounds sterling because that is the currency of the primary economic environment in which the Company operates.

These financial statements are separate financial statements.

Going concern

The director has assessed the Balance Sheet and forecasted cash flows covering a period of 12 months from the date of approval of these financial statements. The director notes that the business has net assets of £77,159. The Company is supported through loans from the director. The director has confirmed that the loan facilities will continue to be available for at least 12 months from the date of signing these financial statements and the director will continue to support the Company. Based on this ongoing financial support, the director believes that any foreseeable debts can be met for at least 12 months from the date of signing these financial statements. Accordingly, the director continues to adopt the going concern basis in preparing the financial statements.

Turnover

Turnover is stated net of VAT and trade discounts and is recognised when the significant risks and rewards are considered to have been transferred to the buyer. Turnover from the sale of goods is recognised when the goods are physically delivered to the customer.

Employee benefits

Defined contribution schemes
The Company operates a defined contribution scheme. The amount charged to the Profit and Loss Account in respect of pension costs and other post-retirement benefits is the contributions payable in the financial year. Differences between contributions payable in the financial year and contributions actually paid are included as either accruals or prepayments in the Balance Sheet.

Finance costs

Finance costs are charged to the Profit and Loss Account over the term of the debt using the effective interest method so the amount charged is at a constant rate on the carrying amount.

Taxation

Current tax
Current tax is provided at amounts expected to be paid (or recoverable) using the tax rates and laws that have been enacted or substantively enacted at the Balance Sheet date.

Deferred tax
Deferred tax arises as a result of including items of income and expenditure in taxation computations in periods different from those in which they are included in the Company's financial statements. Deferred tax is provided in full on timing differences which result in an obligation to pay more or less tax at a future date, at the average tax rates that are expected to apply when the timing differences reverse, based on enacted or substantively enacted tax rates and laws. Deferred tax assets and liabilities are not discounted.

The carrying amount of deferred tax assets are reviewed at each reporting date and a valuation allowance is set up against deferred tax assets so that the net carrying amount equals the highest amount that is more likely than not to be recovered based on current or future taxable profit. Deferred tax assets are recognised only to the extent that it is probable that future taxable profit will be available against which the temporary differences can be utilised.

Borrowing costs

All borrowing costs are recognised in profit or loss in the period in which they are incurred.

Investment property

Investment property is initially recognised at cost, which includes the purchase cost and any directly attributable expenditure. Subsequently it is measured at fair value at each reporting date with changes in fair value recognised in profit or loss. Deferred taxation is provided on these gains at the rate expected to apply when the property is sold.

The fair value is determined annually by the director, on an open market value for existing use basis.

Trade and other debtors

Trade and other debtors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest method less impairment losses for bad and doubtful debts, except where the effect of discounting would be immaterial. In such cases the receivables are stated at cost less impairment losses for bad and doubtful debts.

Cash and cash equivalents

Cash and cash equivalents are basic financial assets and include cash in hand, deposits held at call with banks, other short-term liquid investments with original maturities of three months or less, and bank overdrafts. Bank overdrafts are shown within borrowings in creditors: amounts falling due within one year.

Trade and other creditors

Trade creditors are obligations to pay for goods or services that have been acquired in the ordinary course of business from suppliers.

Trade and other creditors are initially recognised at fair value and thereafter stated at amortised cost using the effective interest rate method, unless the effect of discounting would be immaterial, in which case they are stated at cost.

Financial instruments

Financial assets and financial liabilities are recognised when the Company becomes a party to the contractual provisions of the instrument.

Financial liabilities and equity instruments are classified according to the substance of the contractual arrangements entered into. An equity instrument is any contract that evidences a residual interest in the assets of the Company after deducting all of its liabilities.

Financial assets and liabilities are only offset in the Balance Sheet when, and only when there exists a legally enforceable right to set off the recognised amounts and the Company intends either to settle on a net basis, or to realise the asset and settle the liability simultaneously.

2. Employees

	2025		2024
	Number		Number
Monthly average number of persons employed by the Company during the year, including the director	2		1

3. Investment property

	Investment property
	£
Valuation
As at 01 April 2024	1,372,153
As at 31 March 2025	1,372,153

The 2025 valuations were made by the director, on an open market value for existing use basis.

4. Debtors

	2025		2024
	£		£
Trade debtors	2,667		0
Prepayments	397		413
Corporation tax	1,783		783
Other debtors	0		4,765
	4,847		5,961

5. Creditors: amounts falling due within one year

	2025		2024
	£		£
Trade creditors	408		690
Amounts owed to Parent undertakings	7,566		7,566
Amounts owed to director	441,303		397,224
Accruals and deferred income	11,733		7,705
Other taxation and social security	5,880		2,884
Other creditors	373		2,640
	467,263		418,709

6. Creditors: amounts falling due after more than one year

	2025		2024
	£		£
Bank loans	993,333		993,333

7. Related party transactions

Transactions with the entity's director

	2025		2024
	£		£
Directors Loan account	(441,302)		(397,224)

During the year expenses of £44,078 (2024: £6,079) were paid by the director on behalf of the company. At the end of the year £441,302 (2024: £397,224) was outstanding. This balance is interest free and payable on demand.

8. Ultimate controlling party

Parent Company:

Viki Capital Limited

23 Heathfield Gardens, Chiswick, London, W4 4JU

The ultimate controlling party is Viral Mehta by way of their 100% shareholding of Viki Capital Limited (parent company).